Delhi lockdown triggers another panic buying
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Grocery products makers said packs were flying off shelves in the capital, similar to what happened before the lockdown was imposed in Maharashtra earlier this month, and there were serpentine queues in front of liquor shops at various high streets and standalone small outlets.
ANI
People in Delhi on Monday thronged shops to stock up everything from liquor to packaged foods such as biscuits, noodles, packaged rice and edible oils, to hygiene and sanitising products ahead of a week-long lockdown from 10 pm.
Grocery products makers said packs were flying off shelves in the capital, similar to what happened before the lockdown was imposed in Maharashtra earlier this month, and there were serpentine queues in front of liquor shops at various high streets and standalone small outlets.
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Amid reports of the UK mounting pressure on the Indian government for massive tariff concessions on imports of Scotch whiskey in the free trade agreement negotiations, the Confederation of Indian Alcoholic Beverage Companies (CIABC) has strongly objected to any plans to slash the Basic Customs Duty (BCD). The CIABC has said that since the imports are already dominating the Indian market, any reduction in the BCD will make matters worse and squeeze Indian products totally out. The balance of trade in alcoholic beverages is highly skewed in favour of the UK and any reduction in BCD will further worsen it, said CIABC Director General Vinod Giri.